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SBA 7(a) franchise lending portfolio
Macatawa Bank, National Association
AVERAGE risk
- Total loans
- 20
- Loan volume
- $4.8M
- Avg loan size
- $238K
- Default rate
- 10.5%
- vs 15.4% national avg
Defaults
2
Avg interest
6.04%
Franchises funded
17
Risk rating
AVERAGE
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Jets Pizza | 3 | $847K | 0.0% |
| Mail Boxes Etc. Usa | 2 | $140K | 50.0% |
| Quiznos | 1 | $150K | 0.0% |
| Peppino's Pizza | 1 | $30K | 0.0% |
| Powerhouse Gyms | 1 | $290K | 0.0% |
| Great Clips | 1 | $100K | 0.0% |
| Ace Hardware | 1 | $425K | 0.0% |
| Great American Bagel | 1 | $150K | 0.0% |
| Beaner's Gourmet Coffee | 1 | $500K | 0.0% |
| UPS Store | 1 | $150K | 0.0% |
| Postal Connections Of America | 1 | $85K | 0.0% |
| Gandolfo's New York Delicatess | 1 | $200K | 100.0% |
| Jet's Pizza | 1 | $250K | 0.0% |
| Jet's Pizza | 1 | $270K | 0.0% |
| Saladworks | 1 | $328K | — |
| Subway Sandwich Shop | 1 | $700K | 0.0% |
| Tropical Smoothie | 1 | $150K | 0.0% |
Lending volume by year
2'02
3'04
1'05
1'06
2'07
1'08
2'09
1'11
3'12
1'13
1'14
1'15
1'19
Geographic exposure
2010.5%
Portfolio summary
Total funded$4.8M
Defaults2 of 20
Risk tierAVERAGE
Avg rate6.04%
Source: SBA 7(a) FOIA loan-level data, aggregated by FranchiseVerdict
Default rate = charge-offs / (charge-offs + paid-in-full). Active, exempt, and cancelled loans are excluded. Risk ratings: Excellent (<5%), Good (5-10%), Average (10-15%), Elevated (15-20%), Critical (>20%).